Shinsegae Construction "Additional Acquisition of Shinsegae Hwaseong Shares for 9.5 Billion KRW"
[Asia Economy Reporter Lee Seon-ae] Shinsegae Construction announced on the 17th that it will additionally acquire 190,000 shares of Shinsegae Hwaseong, a subsidiary engaged in real estate development, complex theme parks, and leasing business, for 9.5 billion KRW. After the stock acquisition, Shinsegae Construction's stake in Shinsegae Hwaseong will be 10%. The scheduled date for the stock acquisition is the same day as the announcement. The purpose of the acquisition is a land sales contract.
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